NameFind Auction and one-off sale help aftermarket revenue jump 14%. GoDaddy (NYSE: GDDY) reported Q4 2023 and full-year 2023 earnings after the market closed today. For Q4 2023, revenue came in at $1.100 billion, up 6% from the same quarter a ... Continue ReadingLeave a Comment
.Com rankings: Squarespace continues to fall, Gname surges
· Domain RegistrarsSquarespace registers fewer new .com domains, and Gname moves up the overall leaderboard. Last month, I wrote about how new registrations at Google Domains plummeted after Squarespace (NYSE: SQSP) took over. I mentioned that a primary reason was ... Continue ReadingLeave a Comment
Starboard continues to push GoDaddy to expand margins
· Domain RegistrarsInvestor demands attainable growth targets with improved margins. Activist investor Starboard has sent another letter (pdf) to GoDaddy's (NYSE: GDDY) management and board, pushing the company to hit growth and margin targets. The investor first ... Continue Reading5 Comments
Starboard takes big stake in GoDaddy
· Domain RegistrarsActivist investor takes 6.5% stake in GoDaddy. Investment company Starboard has made a significant investment in shares of GoDaddy (NYSE: GDDY). Today, the group filed a 13D with the SEC, disclosing its ownership stake. Shares of GoDaddy are ... Continue ReadingLeave a Comment
Here’s why GoDaddy’s shares fell over 10% this morning
· Domain RegistrarsThe company points to growth challenges in the second half of the year. Shares of GoDaddy (NYSE: GDDY) fell over 10% this morning after the company announced earnings yesterday after the market closed. The company is cautioning on expectations ... Continue Reading3 Comments
GoDaddy tops $1 billion in quarterly bookings, domain revenue surges
· Domain RegistrarsGoDaddy turns in big numbers for Q1 and announces to executive hires. GoDaddy (NYSE: GDDY) reported earnings after the market closed today. The company reported its first quarter ever that topped $1 billion in bookings, generating $1.0887 ... Continue ReadingLeave a Comment
GoDaddy tops 20 million customers
· Domain RegistrarsCompany reports strong second quarter and customer base milestone. GoDaddy (NYSE: GDDY) announced its second quarter earnings this afternoon. The company now has over 20 million paying customers after adding 400,000 in the latest quarter. Q2 ... Continue ReadingLeave a Comment
Domain stocks rebound with the market
· Domain RegistrarsMany domain name companies are faring well during the pandemic. On March 14, I wrote about how domain name stocks fared during the pandemic market crash up through the close on March 13. The market wasn't done capitulating, but stocks have ... Continue Reading5 Comments
GoDaddy domains revenue hits $356 million
· UncategorizedDomain name business keeps growing at GoDaddy. GoDaddy (NYSE: GDDY) reported first quarter earnings yesterday after the market closed. First quarter revenue was $792 million, up 12% year-over-year. Bookings increased 9% year-over-year to $951 ... Continue Reading1 Comment
Godaddy expects $25-$30 million revenue hit in Q2 due to Covid-19
· Domain RegistrarsDomain name aftermarket might be a weak spot during the downturn. GoDaddy held a virtual investor day yesterday and the impact of Covid-19 was obviously a discussion topic. Ray Winborne, CFO of GoDaddy, said the pandemic had a minimal impact on ... Continue Reading1 Comment